Archivos

Outsmarting Online Threats: How to Keep Your Finances Safe in a Digital World

In today’s fast-paced digital age, your bank account isn’t just protected by a lock and key—it’s guarded by knowledge, awareness, and good habits. prioritize your financial safety, is a shared effort between you and your financial institution. By learning how to think like an online attacker, you can stay one step ahead and protect what’s yours.
Why Cybersecurity Matters More Than Ever
Online threats are no longer confined to the realm of fiction. From phishing scams to fake apps, cybercriminals are becoming increasingly sophisticated—and your savings remain a tempting target. The good news? You don’t need to be a tech expert to protect yourself. With awareness and smart habits, you can effectively guard against the most common tactics.
5 Common Threats—and How to Outsmart Them

Phishing Scams
Fraudulent emails and texts often look real—but they’re designed to steal your login details.
Tip: Never click on suspicious links or download attachments from unknown sources. Always access your account(s) directly through the official website or mobile app, not via links in emails or messages.
Weak or Reused Passwords
Using “123456” or the same password everywhere is like leaving your door unlocked.
Tip: Use strong, unique passwords for each account. Think of them as digital vault combinations.
Public Wi-Fi Risks
Free Wi-Fi might seem convenient, but it’s a hotspot for hackers.
Tip: Avoid logging into your banking apps or entering personal information on public networks.
Outdated Apps or Devices
Old software often has security vulnerabilities.
Tip: Keep your app and devices updated to ensure you’re protected with the latest security features.
Oversharing on Social Media
Even innocent posts (like your pet’s name or birth year) can help hackers crack your security questions.
Tip: Keep personal information private, and be cautious with what you share online.

Your money is worth protecting—and so is your peace of mind. By staying informed and alert, you can enjoy the ease of online banking without the risks.
 
Disclosure: The information provided in this article is for informational purposes only and should not be considered financial advice or a recommendation to take specific actions. Please note that Pibank USA does not offer lending products or securities/investment products or advice.  You should consult with a qualified financial advisor, tax professional, or other expert to evaluate your individual circumstances before making any financial decisions. While every effort is made to ensure the accuracy of the information provided, Pibank USA makes no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the information contained in this article. Pibank USA is not liable for any losses or damages arising from the use of this information.
 Member FDIC.

Dad’s Greatest Investment: Not the Stock Market, But Us

This Father’s Day, we’re celebrating more than just the grill-master, the advice-giver, or the weekend handyman. We’re honoring the quiet investor—the one who chose family over luxury, stability over splurging, and long-term love over short-term gains.
The Investment You Don’t See
Not all investments come with charts and market updates. Some look like packed school lunches, surprise birthday gifts, and long drives to weekend games. Some are measured in sleepless nights, steady paychecks, and the smile that says, “I’ve got you.”
So many fathers have been the financial backbone of their families—not with flashy portfolios, but with everyday decisions that put loved ones first.
The Sacrifices That Built Futures
Maybe he skipped the new car so you could have braces. Maybe he passed on a holiday bonus splurge to save for your tuition. Maybe he never told you the budget was tight—because making you feel secure mattered more.
That kind of financial discipline is an act of love. And it’s a legacy worth passing on.
Honoring Dad Through Our Own Habits
This Father’s Day, what if we honored Dad by adopting one of his most powerful habits: saving?

Start small: A dedicated savings account, just like he might’ve done.
Save with purpose: Whether it’s for your future family, a home, or peace of mind—do it with the same intention he did.
Reflect his values: Steady, reliable, and quietly building toward something bigger than yourself.

Not Just a Provider—A Protector
Dad wasn’t just paying bills—he was protecting dreams, creating opportunities, and showing us how to put people before purchases. And now, we have the chance to do the same.
This Father’s Day, Make It Count
Forget the tie this year. Say thanks by building your own savings legacy—because sometimes, the most valuable things a father gives aren’t bought, they’re built, one quiet sacrifice at a time. This Father’s Day, let’s honor that legacy with love, gratitude, and the kind of appreciation that lasts a lifetime.
Disclosure: The information provided in this article is for informational purposes only and should not be considered financial advice or a recommendation to take specific actions. Please note that Pibank USA does not offer lending products or securities/investment products or advice.  You should consult with a qualified financial advisor, tax professional, or other expert to evaluate your individual circumstances before making any financial decisions. While every effort is made to ensure the accuracy of the information provided, Pibank USA makes no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the information contained in this article. Pibank USA is not liable for any losses or damages arising from the use of this information.
Member FDIC.

Financial Freedom: A Tribute to Those Who Served

Memorial Day is a time to reflect, honor, and express gratitude for the brave men and women who have served our country. One of the most impactful ways we can show appreciation is by empowering veterans and their families with financial knowledge and resources to build a secure future. Achieving financial freedom takes careful planning, but thankfully, veterans have access to a range of benefits and tools to support their journey. Here’s how veterans and their families can make the most of available financial resources.

Take Advantage of VA Benefits

The Department of Veterans Affairs (VA) offers a variety of financial programs that can significantly support veterans and their families. Some key benefits include:

GI Bill Benefits – Education and career training assistance help veterans build a strong financial foundation for their future.
VA Disability Compensation – Eligible veterans can receive tax-free financial support to offset disabilities incurred during service.

Build a Strong Emergency Fund

Having a financial cushion is essential for all families, but especially for veterans transitioning to civilian life. High-yield savings accounts (HYSAs) can be a smart way to grow savings while maintaining easy access to funds. Many financial institutions offer HYSAs with competitive interest rates, no fees, and no minimum balance requirements, providing a simple avenue for financial security.

Maximize Military and Veteran Discounts

Many businesses offer discounts for veterans and their families, from retail and dining to travel and entertainment. Additionally, financial institutions often provide specialized accounts with lower fees, better interest rates, and added perks. These savings can add up significantly over time.

Plan for Retirement Early

Veterans should take full advantage of retirement planning tools, including:

Thrift Savings Plan (TSP) – A government-backed retirement savings plan with low fees and tax advantages.
IRA or 401(k) Plans – If transitioning to a civilian career, veterans should contribute to employer-sponsored retirement plans or open an IRA for additional savings.

Protect Against Fraud and Scams

Unfortunately, veterans are often targeted by financial scams. Protecting personal and financial information is crucial. Use secure banking apps, monitor accounts regularly, and stay informed about common scams targeting military members. Pibank’s FDIC-insured accounts provide added security, giving veterans peace of mind.

Utilize Free Financial Counseling Services

Veterans have access to free financial counseling through organizations like:

Veteran Readiness and Employment (VR&E) – Provides financial planning assistance for career and education decisions.
The National Foundation for Credit Counseling (NFCC) – Offers free or low-cost financial guidance tailored to veterans.
Military OneSource – A resource that provides financial counseling for active duty, veterans, and their families.

Financial freedom is achievable for veterans and their families with the right planning and resources. By taking advantage of VA benefits, building savings, securing retirement plans, and staying vigilant against fraud, veterans can create a stable and secure financial future.
At Pibank, we honor those who have served by providing simple, secure, and accessible savings solutions. Start building financial freedom today at www.pibank.com.
 
Disclosure: The information provided in this article is for informational purposes only and should not be considered financial advice or a recommendation to take specific actions. Please note that Pibank USA does not offer lending products or securities/investment products or advice.  You should consult with a qualified financial advisor, tax professional, or other expert to evaluate your individual circumstances before making any financial decisions. While every effort is made to ensure the accuracy of the information provided, Pibank USA makes no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the information contained in this article. Pibank USA is not liable for any losses or damages arising from the use of this information.
 
Member FDIC.

Mom, the CEO: Running a Household Like a Fortune 500 Company

Pibank’s Curated Personal Finance Reads in Honor of World Book Day

Category: General
 
In celebration of World Book Day, we took a stroll through the office to see what our team members are reading when it comes to personal finance. We asked one simple question: “What is the personal finance book you’ve liked or learned the most from?” The answers were diverse, ranging from timeless classics to children’s stories, and everything in between. Here’s a roundup of Pibank’s favorite personal finance books, curated for all levels of financial knowledge.

Rich Dad, Poor Dad by Robert Kiyosaki
When it comes to personal finance, Rich Dad, Poor Dad is the go-to book for many of our team members. It was the first book that came to mind when we asked this question. The book challenges traditional views on wealth-building and offers lessons about financial independence, investing, and thinking outside the box. It’s a must-read for anyone starting their financial journey.
Security Analysis (2nd Edition, 1934) by Benjamin Graham and David Dodd
For those who appreciate a more technical approach to investing, Security Analysis is a foundational classic. This 1930s textbook is a go-to for anyone interested in value investing, offering in-depth insights into evaluating stocks, bonds, and other securities. It may be a bit dense, but it’s a treasure trove of knowledge for those serious about mastering the stock market.
Blue Ocean Strategy by W. Chan Kim and Renée Mauborgne
While not strictly a personal finance book, Blue Ocean Strategy is a favorite among our team members interested in entrepreneurship and innovation. The book focuses on how businesses can break free from competition by creating “blue oceans” of untapped market space. It’s a great read for anyone interested in business growth and personal finance from an entrepreneurial perspective.
The Wealth of Nations by Adam Smith
No list of financial reads would be complete without this foundational economic text. The Wealth of Nations, written by Adam Smith in 1776, lays the groundwork for modern economics and market theory. While it’s a heavy read, it’s an essential book for anyone interested in understanding the broader economic landscape and how it affects personal wealth.
Better Than a Lemonade Stand: Small Business Ideas for Kids by Daryl Bernstein
For younger readers or anyone just starting their entrepreneurial journey, Better Than a Lemonade Stand offers a fun and easy introduction to small business ideas. It’s a great resource for teaching kids (and adults!) the basics of running a business, from budgeting to pricing. It’s a light read that packs a punch when it comes to learning about the basics of personal finance.
From Zero to One by Peter Thiel
This book is a favorite among those interested in startups and venture capital. Thiel, a co-founder of PayPal, offers insights into what it takes to build a successful business from scratch. “I like how technical and straightforward it is,” said one of our team members. “This book really shows you what it takes to actually build something.” It’s an inspiring read for anyone interested in entrepreneurship and growing wealth.
The Berenstain Bears’ Trouble with Money by Stan and Jan Berenstain
For those who want to start early with teaching kids about money, The Berenstain Bears’ Trouble with Money is a great introduction. This beloved children’s book addresses the challenges of managing money, making it an excellent starting point for young readers to learn about finances in a fun, relatable way. “This little book is great if you have no sense of money whatsoever,” said one team member. “It will give you a little launchpad.”

From timeless economic theory to fun, accessible books for kids, Pibank’s team has a diverse range of personal finance books they’ve found valuable. Whether you’re looking to dive into the complexities of investing or just want a light introduction to money management, these reads offer something for everyone. Happy reading, and here’s to making financial literacy a part of everyday life!
 
Disclosure: The information provided in this article is for informational purposes only and should not be considered financial advice or a recommendation to take specific actions. Please note that Pibank USA does not offer lending products or securities/investment products or advice.  You should consult with a qualified financial advisor, tax professional, or other expert to evaluate your individual circumstances before making any financial decisions. While every effort is made to ensure the accuracy of the information provided, Pibank USA makes no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the information contained in this article. Pibank USA is not liable for any losses or damages arising from the use of this information.

The 1% Savings Habit: How Small Daily Changes Lead to Big Wins

Category: Savings
 
We’ve all been there—telling ourselves, “I’ll save money tomorrow,” but somehow tomorrow never seems to come. Saving money can feel like a big, overwhelming task, especially when we think we need to make huge changes to see results. But what if we told you that saving just a little bit every day can actually add up to a lot? That’s where the 1% savings habit comes in.
What is the 1% Savings Habit?
The idea behind the 1% habit is simple: save just 1% more of your money every day. It doesn’t have to be a lot. If you’re used to saving nothing, start by saving a small amount. If you’re already saving, just add 1% more. Small, daily savings can grow over time and make a big difference in your financial health. As James Clear explains in  Atomic Habits, “Small habits don’t add up, they compound. That’s the power of 1 percent changes.” By focusing on consistent, incremental improvements, you can create lasting financial change without feeling overwhelmed.
Why Does It Work?
Think about it like building a habit, like exercising or eating healthier. At first, it feels like very little, but over time, it adds up. Just like how small healthy choices turn into better health, small savings turn into a substantial amount of money.
How to Get Started
You don’t have to make huge sacrifices to save more. Here are a few simple ways to start:

Round Up Your Purchases: Round up your purchases to the nearest dollar and deposit the change into your savings. For example, if you buy a coffee for $3.75, round it up to $4.00 and save the $0.25.
Cut Back on Small, Daily Purchases: Maybe you skip your coffee from the coffee shop or bring lunch from home instead of buying it. That extra $2-$3 a day can go straight into your savings, helping you build the habit and your account balance.
Make it easy: Taking a look again at James Clear’s insights in Atomic Habits, one of the key principles he emphasizes is that, in order to make a habit last, it needs to be easy. The simpler and more effortless the process, the more likely you are to stick with it. For example, set up reminders, schedule manual transfers, or keep your savings goal visible to stay motivated. The easier you make it to save, the more consistently you’ll build your savings over time.

 
The Power of Consistency
Saving just 1% more each day might feel small, but it makes a big impact over time. Let’s say you save an extra $1 a day for a month. That’s $30 at the end of the month. Over a year? You’ll have $365. Add that up over a few years, and you’re looking at some real growth.
The key is to keep it consistent. Even if it’s just a little each day, the habit of saving will help you reach your goals. The more you stick to it, the easier it becomes.
Tracking Your Progress
It’s important to see how far you’ve come. You can track your progress with a simple app or even a notebook. Watching your savings grow, even a little bit at a time, will motivate you to keep going.
Start Today
It doesn’t matter if you’re saving for a rainy day, a vacation, or something bigger like a house. The 1% savings habit works for everyone. And remember: small steps today lead to big rewards tomorrow.
So, why wait? Start saving just 1% more today. You’ll be amazed at how those tiny changes turn into a solid savings habit—and how much more you’ll have saved by this time next year.
 
Disclosure: The information provided in this article is for informational purposes only and should not be considered financial advice or a recommendation to take specific actions. Please note that Pibank USA does not offer lending products or securities/investment products or advice.  You should consult with a qualified financial advisor, tax professional, or other expert to evaluate your individual circumstances before making any financial decisions. While every effort is made to ensure the accuracy of the information provided, Pibank USA makes no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the information contained in this article. Pibank USA is not liable for any losses or damages arising from the use of this information.
 

Invest in Yourself: Game Plan for a Winning Life

Creative Hobbies That Can Save You Money (and Maybe Even Make Some!)

Category: Savings
Have you ever thought about turning your free time into something productive, enjoyable, and money-saving? Some hobbies aren’t just fun—they can also help you cut costs and even create an opportunity to earn extra income. Whether it’s sewing, gardening, or upcycling, these creative activities let you explore your passions while keeping your wallet happy.
Let’s dive into some fantastic hobbies that prove saving and making money can be both creative and rewarding!
1. Sewing: Stitch Your Way to Savings
Do you enjoy fashion or decorating your home? Sewing is a useful skill that can save you money on alterations, home items, and clothing.

How it saves money:

You can adjust the length of your pants or repair a torn shirt yourself instead of paying for tailoring or replacements.
Create unique gifts like quilts, bags, or cushions instead of buying store-bought items.

How it makes money:

Sell handmade clothing or accessories.
Provide clothing repairs or alterations for others in your neighborhood.

Creative Tip: Start small by learning to sew with scrap fabric or upcycling old clothes into new creations!
2. Gardening: Grow Your Savings
Imagine stepping into your backyard to pick fresh herbs, vegetables, or fruits. Gardening not only helps you save on groceries but also brings a sense of fulfillment and a connection to nature.

How it saves money:

Grow your own produce—think tomatoes, lettuce, or basil—saving on grocery store prices.
Reduce waste by composting kitchen scraps for free, nutrient-rich fertilizer.

How it makes money:

Sell surplus fruits, veggies, or even small herb planters at local markets.
Offer landscaping or gardening advice to others starting out.

Creative Tip: No yard? No problem! Start a windowsill herb garden or use vertical planters for small spaces.
3. Upcycling: Turning Trash into Treasure
Do you see potential in what others throw away? Upcycling is the art of transforming unwanted items into something new and useful.

How it saves money:

Repurpose old jars, furniture, or fabrics into chic home décor or practical items.
Avoid buying new items by creatively reusing what you already have.

How it makes money:

Sell your upcycled creations online or at craft fairs.
Offer workshops to teach others how to upcycle their old stuff.

Creative Tip: Try turning old wine bottles into stylish vases or converting wooden pallets into furniture.
4. Baking and Cooking: Delicious Savings
Channel your inner chef and discover how making food at home can be both economical and fulfilling.

How it saves money:

Skip expensive takeout by recreating your favorite dishes at home.
Make your own bread, snacks, or condiments, saving on specialty items.

How it makes money:

Sell baked goods or specialty items like jams and sauces to friends or at local markets.
Cater small events or offer meal prep services.

Creative Tip: Share your culinary creations on social media to attract potential customers or inspire others!
5. Crafting: Handmade with Love
Crafting is the perfect way to express creativity while making items that are often cheaper and more meaningful than store-bought versions.

How it saves money:

Create handmade gifts for holidays, birthdays, or special occasions.
Make your own candles, soaps, or jewelry instead of buying expensive brands.

How it makes money:

Open an online shop or participate in craft fairs.
Take custom orders for personalized gifts or décor.

Creative Tip: Use recycled or natural materials to add a unique touch and keep costs low.
Why Creative Hobbies Are Worth It
These hobbies aren’t just about saving or earning money—they’re about building skills, enjoying the process, and adding value to your life. Plus, the joy of creating something with your own hands is priceless.
So, what are you waiting for? Pick up a needle, a shovel, or a glue gun and start turning your free time into a money-saving, profit-earning adventure. Who knows? Your hobby could become your next big passion—or even a side hustle!
 
Disclosure: The information provided in this article is for informational purposes only and should not be considered financial advice or a recommendation to take specific actions. Please note that Pibank USA does not offer lending products or securities/investment products or advice.  You should consult with a qualified financial advisor, tax professional, or other expert to evaluate your individual circumstances before making any financial decisions. While every effort is made to ensure the accuracy of the information provided, Pibank USA makes no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the information contained in this article. Pibank USA is not liable for any losses or damages arising from the use of this information.

Couple’s Finances: 5 Tips to Improve Saving Together

Category: Savings
Managing finances as a couple can be both an exciting and challenging aspect of a relationship. Whether you’re in the honeymoon phase or have been together for years, developing a shared financial plan is vital for building a secure future and ensuring money doesn’t become a source of conflict. With the right approach, managing your finances can strengthen your bond and bring you closer as a team.
Here are five creative and practical tips to help you improve saving as a couple:
1. Start with an Honest Money Talk
Transparency is the foundation of a healthy financial partnership. Make time to sit down with your partner and lay everything on the table: income, debts, spending habits, and aspirations. This conversation may feel intimidating, but it’s a crucial step to foster trust and align your financial expectations. Approach it with an open mind and a shared focus on building a brighter future together.
2. Dream Big and Set Joint Financial Goals
Turn your financial goals into a shared adventure. Imagine the milestones you’d love to reach together: a cozy home, an exotic vacation, or a stress-free retirement. Define these dreams as short-term or long-term goals and write them down. Visualizing your aspirations makes them tangible and motivates you to work towards them. Don’t forget to celebrate your progress along the way—even small wins deserve recognition!
3. Design a Collaborative Budget
Think of your budget as the roadmap to your shared goals. Work together to create a plan that balances individual needs and collective priorities. Set aside funds for essentials like housing, groceries, and bills while leaving room for discretionary spending and savings. Utilize budgeting tools or apps to keep everything transparent and accessible. This way, you’ll both stay informed and feel equally invested in your financial journey.
4. Build a Rainy-Day Fund Together
Life is full of surprises, and not all of them are pleasant. Protect yourselves from unexpected expenses by creating a joint emergency fund. Aim to save three to six months’ worth of living costs, contributing either equally or proportionally based on income. This shared effort not only builds financial security but also strengthens your teamwork and preparedness for life’s curveballs.
5. Plan Regular Money Dates
Transform financial check-ins into “money dates.” Set aside time monthly or quarterly to review your budget, track your progress, and make adjustments as needed. Use these moments to address concerns, brainstorm new goals, and celebrate achievements—perhaps over your favorite meal or dessert. Turning this task into a positive ritual can make managing finances feel less like a chore and more like an opportunity to connect.
Final Thoughts
Saving money as a couple is about more than just dollars and cents—it’s about creating a partnership built on trust, communication, and shared dreams. By following these tips, you can strengthen your financial foundation and nurture a relationship that’s both emotionally and economically fulfilling. Remember, the journey to financial harmony is as important as the destination.
 
Disclosure: The information provided in this article is for informational purposes only and should not be considered financial advice or a recommendation to take specific actions. Please note that Pibank USA does not offer lending products or securities/investment products or advice.  You should consult with a qualified financial advisor, tax professional, or other expert to evaluate your individual circumstances before making any financial decisions. While every effort is made to ensure the accuracy of the information provided, Pibank USA makes no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the information contained in this article. Pibank USA is not liable for any losses or damages arising from the use of this information.
 

What to Do With Your Tax Refund: 6 Smart Ideas for Your Money

Category: Education
 
For many, tax season brings more than just paperwork—it’s a chance to rethink priorities and make meaningful moves with that well-earned refund. Before it vanishes on impulse buys or fleeting splurges, consider this: Your tax refund isn’t just extra cash; it’s a stepping stone. From building security to chasing dreams, here are seven thoughtful ways to turn your refund into something lasting.
 
1. Build Your Emergency Fund
Unexpected expenses, like car repairs or medical bills, can hit when you least expect them. That’s where an emergency fund comes in handy. Use your tax refund to start or grow your rainy-day fund. Experts recommend saving three to six months of expenses, but even a small contribution can make a big difference.
 
2. Pay Off High-Interest Debt
If you have credit card debt or personal loans, your tax refund can help you get ahead. By paying down debt, especially high-interest balances, you’ll save money on interest and free up your budget for future goals.
 
3. Open a High-Yield Savings Account (HYSA)
Why let your refund sit in a standard checking account earning little to no interest? Instead, put it in a High-Yield Savings Account (HYSA) where it can grow faster. HYSAs offer significantly higher interest rates than traditional savings accounts, making them a smart choice for growing your money.  Additionally, always ensure that the bank where you deposit your funds is FDIC insured.
 
4. Invest in Your Future
Thinking about taking an online course, upgrading your skills, or starting a side hustle? Your tax refund can be the perfect investment in yourself. Education and personal development pay off in the long run, giving you the tools to achieve your career and life goals.
 
5. Save for Big Goals
Whether it’s a down payment on a house, a dream vacation, or holiday shopping, your tax refund can help you get closer to achieving your financial goals. Deposit your refund into a savings account and watch it grow over time.
 
6. Treat Yourself (Responsibly)
While saving and paying off debt are essential, it’s okay to set aside a portion of your refund for a small reward. Whether it’s a spa day, a weekend getaway, or that gadget you’ve been eyeing, treating yourself responsibly can keep you motivated to stick to your financial plan.
 
Disclosure: ­­­ The information provided in this article is for informational purposes only and should not be considered financial advice or a recommendation to take specific actions. Please note that Pibank USA does not offer lending products or securities/investment products or advice.  You should consult with a qualified financial advisor, tax professional, or other expert to evaluate your individual circumstances before making any financial decisions. While every effort is made to ensure the accuracy of the information provided, Pibank USA makes no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the information contained in this article. Pibank USA is not liable for any losses or damages arising from the use of this information.

How the Fed’s Interest Rate Cuts Impact You: A Beginner’s Guide

Celebrate Pie Day by Saving for Your Favorite Treat!

January 23rd is National Pie Day – a day dedicated to enjoying your favorite slice (or an entire pie) without a hint of regret or judgment. But what if Pie Day wasn’t just about satisfying your sweet tooth? What if it also became a fun way to achieve your financial goals?
At Pibank, we believe saving should be as enjoyable as pie. Whether you’re dreaming of a bakery-treat or planning to bake one from scratch, let’s turn this Pie Day into a sweet and rewarding savings journey. It’s as easy as pie!
Ready to start- Let’s dig in!

1. Set a Sweet and Achievable Savings Goal
Saving for a pie might sound small, but it’s a perfect way to build better financial habits. Break your goal into manageable, bite-sized pieces:

Homemade pie: Need $30 for ingredients for a homemade pie? Save $5 a week for 6 weeks.
Bakery treat: Eyeing a bakery treat? Set aside $10 a week for 5 weeks.
Pie-making tools: Planning to invest in a baking kit? Save a little more over time.

No matter the size of your goal, the key is to start. Think of it as your personal “Pie Fund” – a fun and tasty way to kick-start your savings journey.
2. Use Pibank’s Tools to Make Saving Simple
Saving for your dream pie is simple with Pibank’s user-friendly tools:

Automatic Transfers: Schedule weekly deposits into your “Pie Fund” and watch your savings grow effortlessly.
Goal-Setting Features: Label your savings account “Pie Fund” and watch your progress build with every deposit.
High Yield Savings Accounts: Your pie savings will rise, just like a perfectly baked crust, thanks to competitive interest rates.

With these tools, saving isn’t just easy – it’s rewarding!
3. Reward Yourself Along the Way
Saving is not just about the destination; it is about celebrating the journey. Each milestone you reach brings you closer to that first bite of pie. When you finally dig in, it’ll taste even sweeter knowing you worked for it. After all, what is more satisfying than savoring a treat you have earned?
4. Try This Sweet Recipe
Once you’ve saved for your pie, why not bake one yourself? Here’s a simple, budget-friendly apple pie recipe to get you started:
Easy Apple Pie Recipe
Ingredients:

6 cups thinly sliced apples (about $6 – price may vary depending on seasonality)
3/4 cup white sugar ($1)
1 tsp cinnamon ($0.50)
1 package pie crusts ($5)
1 tablespoon butter ($0.50)

Directions:

Preheat the oven to 450°F.
Line a 9-inch pie dish with one pastry crust, set second one aside.
Combine ¾ cup sugar and cinnamon in a small bowl. Add more sugar if your apples are tart.
Layer apple slices in the prepared pie dish, sprinkling each layer with cinnamon-sugar mixture.
Dot top layer with small pieces of butter. Cover with top crust.
Bake pie on the lowest rack of the preheated oven for 10 minutes. Reduce oven temperature to 350°F and continue baking until golden brown and filling bubbles, 30 to 35 minutes more.
Serve warm or cold. Enjoy!

This pie is proof that your savings – and a little effort – can create something truly delicious.
5. What’s Next? Bigger (or Sweeter) Savings Goals
Now that you’ve mastered saving for Pie Day, think about what else you’d like to save for:

A weekend getaway
A new gadget
More pies!

With Pibank, no goal is too big or too small. Our tools make it easy to set and achieve savings goals of any size.

Conclusion:
Saving doesn’t have to be all work and no play. By setting a fun, tangible goal-like saving for Pie Day- you can make the process enjoyable and rewarding.
Start your savings journey with Pibank today and make this year as sweet as your favorite dessert. Ready to get started? Open a #PibankSavings account now and begin saving smarter, one slice at a time! It’s that simple, it’s Pibank, easy as pie!
Resources:
Easy Apple Pie Recipe
Member FDIC

Stay Safe This Holiday Season: The Scams You Need to Watch Out For

How Do High-Yield Savings Accounts Work?

If you’re looking for a way to grow your savings faster, you’ve probably come across something called a High-Yield Savings Account. But what exactly is it, and how does it work? Let’s break it down in simple, no-nonsense terms so you can decide if a high-yield savings account is right for you.
What Is a High-Yield Savings Account?
A High-Yield Savings Account (HYSA) is a type of savings account that offers a much higher interest rate than a traditional savings account. While a regular savings account might give you an interest rate of 0.05% to 0.1%, a high-yield savings account can offer rates anywhere from 0.5% to even over 5% depending on where you bank.
The catch? HYSAs are usually offered by online banks. Without the overhead of physical branches, they can pass on the savings to you in the form of higher interest rates. Pretty cool, right?
How Do High-Yield Savings Accounts Work?
The main thing that sets high-yield savings accounts apart is the interest rate. The more competitive your account’s interest rate (measured as Annual Percentage Yield or APY), the faster your money grows. Another thing to note is that interest on these accounts is compounded, either daily or monthly, meaning you earn interest not just on your original deposit but also on the interest you’ve already earned!
Here’s an important point though: even with the higher returns, high-yield savings accounts aren’t entirely without limitations. Many have minimum balance requirements and withdrawal limits, so it’s a good idea to check the fine print.
The Basics of High-Yield Savings Accounts
Let’s break down the essential points about high-yield savings accounts:

Higher returns: The interest rates are much better than what you’d get from a traditional account.
Compound interest: Your earnings get a boost because the interest compounds (and then earns more interest itself).
Safety: Most high-yield accounts are FDIC-insured, meaning your money is protected up to $250,000.
Accessibility: These accounts are generally managed online, often through apps, making it easy to transfer money or check your balance anytime.

Watch Out for Hidden Fees
While most high-yield savings accounts don’t charge monthly fees, some do require you to maintain a minimum balance to avoid fees. Make sure you’re aware of any withdrawal limits or possible penalties if you dip below a certain amount.
FDIC-Insured Savings Accounts and Security
When you put your money in a high-yield savings account, one of the biggest benefits is knowing it’s safe. FDIC-insured accounts protect your deposits up to $250,000. If the bank were to fail, your money would still be safe.
Savings Account Security Checklist
Before opening a high-yield savings account, here are a few things to look out for:

FDIC or NCUA insurance: Always ensure the bank or credit union you’re using is insured.
Clear terms: Know the minimum deposit requirements, fees, and withdrawal limits.
Mobile security: If you’re managing your account via an app, make sure it has strong security features.

Limitations of a High-Yield Savings Account
High-yield savings accounts can grow your money fast, but they aren’t without drawbacks. For example:

Fluctuating interest rates: APYs can go up or down, especially if the Fed changes its rates.
Withdrawal limits: Some accounts limit how many times you can transfer or withdraw money each month.
Minimum balance requirements: To earn the advertised rate, you may need to keep a certain amount of money in your account.

How to Open a High-Yield Savings Account
Opening an HYSA is usually quick and easy, especially if you’re doing it online. Here’s how:

Research banks: Compare interest rates, fees, and minimum balance requirements across different banks.
Apply online: Most online banks allow you to open an account in minutes. You’ll need basic info like your name, address, and social security number.
Fund your account: Transfer money from an existing account to get started.
Set up automatic transfers: To maximize your savings, consider setting up a monthly transfer to your new account.

Pros and Cons of a High-Yield Savings Account
Pros:

Higher returns: Your money grows faster with a higher APY.
Safety: FDIC or NCUA insurance means your savings are protected.
Low fees: Most high-yield accounts have no or very low fees.

Cons:

Fluctuating rates: Your APY can change based on the economy.
Limited transactions: Some accounts cap how often you can move money in and out.

Pibank’s Holiday Tale

*this story is purely fiction and should not be taken as financial advice
 
Once upon a time, in a faraway land known as “Pie,” a few villagers gathered every year to celebrate the coming of the fall season. There was something about it that just kept them coming back every year. The air was filled with the sweet aroma of freshly baked pies, and the village square buzzed with excitement and laughter.
Among the villagers was a wise old baker named Mr. Pibank. He was known for his delicious pies, each one crafted with care and a secret ingredient that made them irresistible. But Mr. Pibank had another secret—he was also the village’s unofficial banker. You see, Mr. Pibank believed that just like baking a perfect pie, managing money required the right ingredients and a bit of patience.
One year, as the villagers gathered around to enjoy the festivities, Mr. Pibank decided to share his wisdom. He stood up and said, “My dear friends, just as we gather the best ingredients to bake our pies, we must also gather the right tools to manage our savings. Think of your savings account as a pie. The more you add to it, the bigger and sweeter it becomes.”
The villagers listened intently as Mr. Pibank continued, “To make a perfect savings pie, you need to start with a good recipe. Look for the highest interest rates, just like you would seek the finest apples for your pie. Avoid fees, much like you would avoid overbaking your crust. And always ensure your savings are protected, just as you would keep your pie safe from hungry hands.”
He went on to explain how different types of savings accounts could be compared to different pie flavors. “A high-yield savings account is like a rich, decadent chocolate pie—offering higher returns. A money market account is like a classic apple pie—steady and reliable. And a certificate of deposit is like a pumpkin pie—best enjoyed after a set period.”
The villagers were delighted with Mr. Pibank’s analogy. They realized that by understanding the ingredients and following the right recipe, they could make their savings grow just like their beloved pies. From that day on, they not only celebrated the fall season with delicious pies but also with newfound financial wisdom.
And so, the village of Pie thrived, with each villager enjoying both the sweet taste of their pies and the security of their well-managed savings. They lived happily ever after, knowing that the key to a prosperous future was as simple as baking a perfect pie.

Holiday Bugeting: How to Celebrate December Without Breaking the Bank

With the holiday season around the corner, keeping your savings intact can be a challenge. Not only can it bring a lot of stress, but it can also complicate things financially. This year, Americans expect to spend over a one thousand dollars on gifts this holiday season (Statista). According to Yahoo Finance, 2024 holiday spending in the U.S. will grow by 2.5 to 3.5 percent over the 2023 season, reaching between $980 billion and $990 billion.
And we get it—who doesn’t want to enjoy the holidays? Between Black Friday and New Year’s Eve, budgeting can seem impossible. That’s why we’ve come up with a short list of ideas to help you tackle the holidays while keeping your savings goals on track, avoiding the repetitive New Year’s resolutions forgotten by March.
1. Gift Experiences Rather Than Material Things
Whether it’s something as simple as going apple picking or camping for a day in a nearby national park, gifting experiences tends to be cheaper. You can organize it for many family members or friends at a time and split the cost among all of you. Plus, psychology has proven that experiences create unique, memorable moments and strengthen bonds with loved ones.
2. Plan Your Shopping Ahead
Although the Black Friday frenzy has decreased with the rise of online shopping, we’re still exposed to countless sites and tempting deals. Instead of letting seemingly one-in-a-lifetime opportunities dictate your spending, plan ahead. Budgeting might sound cliché, but it’s key to managing your finances effectively.
3. Explore Local Gems
Instead of spending a fortune on far-flung destinations, take the opportunity to discover hidden gems in your local area. Local travel can be surprisingly rewarding and budget-friendly. Visit nearby attractions, parks, or historical sites that you’ve never explored before. Not only does this save money on travel expenses, but it also supports local businesses and reduces your carbon footprint. Plus, you might find that some of the best experiences are right in your own backyard.
4. Do It Yourself (DIY) Gifts with a Personal Touch
Handmade gifts can be more meaningful and cost-effective. Instead of buying generic presents, consider creating something unique. Whether it’s baking a batch of cookies, crafting personalized decorations, or putting together a photo album, DIY gifts show thoughtfulness and effort. Not only do they save money, but they also offer a personal touch that store-bought items often lack. Websites like Pinterest and YouTube are great resources for DIY gift ideas and tutorials.
5. Set Realistic Spending Limits
Agreeing on spending limits with family and friends can help everyone stay within budget and reduce the pressure to overspend. Instead of vague agreements, set specific amounts for each gift or total holiday spending. This approach ensures that everyone is on the same page and can plan accordingly. Additionally, consider using budgeting apps to track your spending and stay on target. This not only helps manage holiday expenses but also promotes financial discipline throughout the year.
Resources:

Yahoo Finance
Predicted Holiday Spending U.S. 2006-2024